Common use of AUTHORIZATION TO DISBURSE Clause in Contracts

AUTHORIZATION TO DISBURSE. Bank is hereby authorized to make loans and advances hereunder upon telephonic or other instructions received from anyone purporting to be an officer, employee, or representative of Borrower, or at the discretion of Bank if said loans and advances are necessary to meet any Obligations of Borrower to Bank. Bank shall have no duty to make inquiry or verify the authority of any such party, and Borrower shall hold Bank harmless from any damage, claims or liability by reason of Bank's honor of, or failure to honor, any such instructions.

Appears in 9 contracts

Samples: Revolving Credit Loan & Security Agreement (Jmar Technologies Inc), Revolving Credit Loan & Security Agreement (Showpower Inc), Loan & Security Agreement (Splash Technology Holdings Inc)

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AUTHORIZATION TO DISBURSE. Bank is hereby authorized to make loans and advances hereunder upon telephonic or other instructions received from anyone purporting to be an officer, employee, or representative of Borrower, or at the discretion of Bank if said loans and advances are necessary to meet any Obligations Indebtedness of Borrower to Bank. Bank shall have no duty to make inquiry or verify the authority of any such party, and Borrower shall hold Bank harmless from any damage, claims or liability by reason of Bank's honor of, or failure to honor, any such instructions.

Appears in 8 contracts

Samples: Loan and Security Agreement (Akeena Solar, Inc.), Loan and Security Agreement (Infosonics Corp), Loan and Security Agreement (Akeena Solar, Inc.)

AUTHORIZATION TO DISBURSE. Bank is hereby authorized to make loans and advances hereunder upon telephonic or other instructions received from anyone purporting to be an officer, employee, or representative of Borrower, or at the discretion of Bank if said loans and advances are necessary to meet any Obligations Indebtedness of Borrower to Bank. Bank shall have no duty to make inquiry or verify the authority of any such party, and Borrower shall hold Bank harmless from any damage, claims or liability by reason of Bank's ’s honor of, or failure to honor, any such instructions.

Appears in 7 contracts

Samples: Loan and Security Agreement (Energy Recovery, Inc.), Loan and Security Agreement (Chordiant Software Inc), Loan and Security Agreement (Provena Foods Inc)

AUTHORIZATION TO DISBURSE. Bank is hereby authorized to make loans and advances hereunder upon telephonic or other instructions received from anyone purporting to be an officer, employee, or representative a manager of Borrower, or at the discretion of Bank if said loans and advances are necessary to meet any Obligations Indebtedness of Borrower to Bank. Bank shall have no duty to make inquiry or verify the authority of any such party, and Borrower shall hold Bank harmless from any damage, claims or liability by reason of Bank's ’s honor of, or failure to honor, any such instructions.

Appears in 3 contracts

Samples: Loan and Security Agreement (ProLink Holdings Corp.), Loan and Security Agreement (ProLink Holdings Corp.), Loan and Security Agreement (ProLink Holdings Corp.)

AUTHORIZATION TO DISBURSE. Bank is hereby authorized to make loans and advances hereunder upon telephonic or other instructions received from anyone purporting to be an officer, employee, or representative of Borrower, or at the discretion of Bank if said loans and advances are necessary to meet any Obligations of Borrower to Bank. Bank shall have no duty to make inquiry or verify the authority of any such party, and Borrower shall hold the Bank harmless from any damage, claims or liability by reason of Bank's honor of, or failure to honor, any such instructions.

Appears in 2 contracts

Samples: Loan & Security Agreement (Masimo Corp), Revolving Credit Loan & Security Agreement (Masimo Corp)

AUTHORIZATION TO DISBURSE. Bank is hereby authorized to make loans and advances hereunder upon telephonic or other instructions received from anyone purporting to be an officer, employee, or representative of Borrower, or at the discretion of Bank if said loans and advances are necessary to meet any Obligations indebtedness of Borrower to Bank. Bank shall have no duty to make inquiry or verify the authority of any such party, and Borrower shall hold Bank harmless from any damage, claims or liability by reason of Bank's honor of, or failure to honor, any such instructionsinstruction.

Appears in 1 contract

Samples: Loan and Security Agreement (Abaxis Inc)

AUTHORIZATION TO DISBURSE. Bank is hereby authorized to make loans and advances hereunder upon telephonic or other instructions Instructions received from anyone purporting to be an officer, employee, or representative of Borrower, or at the tile discretion of Bank if said loans and advances are necessary to meet any Obligations Indebtedness of Borrower to Bank. Bank shall have no duty to make inquiry or verify the authority of any such party, and Borrower shall hold Bank harmless from any damage, claims or liability by reason of Bank's honor of, or failure to honor, any such instructions.

Appears in 1 contract

Samples: Revolving Credit Loan & Security Agreement (Sipex Corp)

AUTHORIZATION TO DISBURSE. Bank is hereby authorized to make loans and advances hereunder upon telephonic or other instructions received from anyone purporting to be an officer, employee, or representative of Borrower, or at the discretion of Bank if If said loans and advances are necessary to meet any Obligations of Borrower to Bank. Bank shall have no duty to make inquiry or verify the authority of any such party, and Borrower shall hold Bank harmless from any damage, claims or liability by reason of Bank's honor of, or failure to honor, any such instructions.

Appears in 1 contract

Samples: Revolving Loan & Security Agreement (SCM Microsystems Inc)

AUTHORIZATION TO DISBURSE. Bank is hereby authorized to make loans and advances hereunder upon telephonic or other instructions received from anyone purporting to be an officer, employee, or representative of Borrower, or at the discretion of Bank if said loans and advances are necessary to meet any Obligations of Borrower to Bank. Bank shall have no duty to make inquiry Inquiry or verify the authority of any such party, and Borrower shall hold Bank harmless from any damage, claims or liability by reason of Bank's honor of, or failure to honor, any such instructions.

Appears in 1 contract

Samples: Revolving Credit Loan & Security Agreement (Viador Inc)

AUTHORIZATION TO DISBURSE. Bank is hereby authorized to make loans and advances hereunder upon telephonic or other instructions received from anyone purporting to be an officer, officer employee, or representative of Borrower, or at the discretion of Bank if said loans and advances are necessary to meet any Obligations of Borrower to Bank. Bank shall have no duty to make inquiry or verify the authority of any such party, and Borrower shall hold Bank harmless from any damage, claims or liability by reason of Bank's honor of, or failure to honor, any such instructions.

Appears in 1 contract

Samples: Revolving Credit Loan & Security Agreement (Hemacare Corp /Ca/)

AUTHORIZATION TO DISBURSE. Bank is hereby authorized to make loans and ------------------------- advances hereunder upon telephonic or other instructions received from anyone purporting to be an officer, employee, or representative of Borrower, or at the discretion of Bank if said loans and advances are necessary to meet any Obligations of Borrower to Bank. Bank shall have no duty to make inquiry or verify the authority of any such party, and Borrower shall hold Bank harmless from any damage, claims or liability by reason of Bank's honor of, or failure to honor, any such instructions.

Appears in 1 contract

Samples: Loan & Security Agreement (Sonicwall Inc)

AUTHORIZATION TO DISBURSE. Bank is hereby authorized to make loans and advances hereunder upon telephonic or other instructions received from anyone purporting to be an officerthe Chairman and Chief Executive Officer, employee, the President and Chief Operating Officer or representative of Borrowerthe SVP and Chief Financial Officer, or at the discretion of Bank if said loans and advances are necessary to meet any Obligations Indebtedness of Borrower to Bank. Bank shall have no duty to make inquiry or verify the authority of any such partyindividuals, and Borrower shall hold Bank harmless from any damage, claims or liability by reason of Bank's honor of, or failure to honor, any such instructions.

Appears in 1 contract

Samples: Loan and Security Agreement (Fotoball Usa Inc)

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AUTHORIZATION TO DISBURSE. Bank is hereby authorized to make loans and advances hereunder upon telephonic or other instructions received from anyone purporting to be an officer, employee, or representative of those individuals designated on Borrower's Telephone and Facsimile authorization attached hereto, or at the discretion of Bank if said loans and advances are necessary to meet any Obligations of Borrower to Bank. Bank shall have no duty to make inquiry or verify the authority of any such party, and Borrower shall hold Bank harmless from any damage, claims or liability by reason of Bank's honor of, or failure to honor, any such instructions.

Appears in 1 contract

Samples: Loan & Security Agreement (Pharmchem Laboratories Inc)

AUTHORIZATION TO DISBURSE. Bank is hereby authorized to make loans and advances hereunder upon telephonic or other instructions received from anyone purporting to be an officer, employeeemployer, or representative of Borrower, or at the discretion of Bank if said loans and advances are necessary to meet any Obligations of Borrower to Bank. Bank shall have no duty to make inquiry or verify the authority of any such party, and Borrower shall hold Bank harmless from any damage, claims or liability by reason of Bank's honor of, or failure to honor, any such instructions.

Appears in 1 contract

Samples: Revolving Credit Loan & Security Agreement (Sbe Inc)

AUTHORIZATION TO DISBURSE. Bank is hereby authorized to make loans and -------------------------- advances hereunder upon telephonic or other instructions received from anyone purporting to be an officer, employee, or representative of Borrower, or at the discretion of Bank if said loans and advances are necessary to meet any Obligations of Borrower to Bank. Bank shall have no duty to make inquiry or verify the authority of any such party, and Borrower shall hold Bank harmless from any damage, claims or liability by reason of Bank's honor of, or failure to honor, any such instructions.

Appears in 1 contract

Samples: Loan & Security Agreement (Hall Kinion & Associates Inc)

AUTHORIZATION TO DISBURSE. Bank is hereby authorized to make loans and advances hereunder upon telephonic or other instructions received from anyone purporting to be an officer, employee, or representative of Borrower, or at the discretion of Bank if said loans and advances are necessary to meet any Obligations of Borrower to Bank. Bank shall have no duty to make inquiry or verify verily the authority of any such party, and Borrower shall hold Bank harmless from any damage, claims or liability by reason of Bank's honor of, or failure to honor, any such instructions.

Appears in 1 contract

Samples: Revolving Credit Loan & Security Agreement (Geocities)

AUTHORIZATION TO DISBURSE. Bank is hereby authorized to make loans and advances hereunder upon telephonic or other instructions received from anyone purporting to be an officer, employee, or representative of Borrower, or at the discretion of Bank if said loans and advances are necessary to meet any Obligations of Borrower to Bank. Bank shall have no duty to make inquiry or verify verify. the authority of any such party, and Borrower shall hold Bank harmless from any damage, claims or liability by reason of Bank's honor of, or failure to honor, any such instructions.

Appears in 1 contract

Samples: Revolving Credit Loan and Security Agreement (Versant Corp)

AUTHORIZATION TO DISBURSE. Bank is hereby authorized to make loans and advances hereunder upon telephonic or other instructions received from anyone purporting to be an officer, employee, or representative of Borrower, or at the discretion of Bank if said loans and advances are necessary to meet any Obligations of REVOLVING LOAN & SECURITY AGREEMENT Borrower to Bank. Bank shall have no duty to make inquiry or verify the authority of any such party, and Borrower shall hold the Bank harmless from any damage, claims or liability by reason of Bank's honor of, or failure to honor, any such instructions.

Appears in 1 contract

Samples: Revolving Credit Loan & Security Agreement (Accelerated Networks Inc)

AUTHORIZATION TO DISBURSE. Bank is hereby authorized to make loans and advances hereunder to Borrower's account upon telephonic telephonic, facsimile or other instructions received from anyone purporting to be an authorized officer, employee, or representative of Borrower, or at the discretion of Bank if said loans and advances are necessary to meet any Obligations of Borrower to Bank. Bank shall have no duty to make inquiry or verify the authority of any such party, and Borrower shall hold Bank harmless from any damage, claims or liability by reason of Bank's honor of, or failure to honor, any such instructions.

Appears in 1 contract

Samples: Revolving Credit Loan & Security Agreement (Business Resource Group)

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